What Is The Value Of Long Term Care Insurance?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    The value of any insurance protection product is to mitigate the financial exposure of an unforeseen event that could impact a family or business economically. The value of long term care insurance generally plays out in the later years of retirement where assisted living or nursing home confinement costs can erode financial stability.
    Answered on July 30, 2013
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    Peggy MacePRO
    Most of the U.S.
    The value of long term care insurance is financial, emotional, and possibly even physical. It pays for one of the most expensive events that can happen in a person's life. It takes the burden off of family and friends to figure out who and how they will care for their loved one. And it gives the insured person some freedom in choosing the provider and place where they will receive their care.
    Answered on July 31, 2013
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